BSECompany Update9 Oct 2026 · 9 Oct 2026, 07:42 pm

The Company has received COD for its NHAI Project executed by its 100% subsidiary, Ashoka Bettadahalli Shivamogga Road Private Limited w.e.f. 07-10-2026. The said SPV is eligible for receiving annuity w.e.f. 07-10-2026, at the interval of every 6 months, for 15 years.

Ashoka Buildcon Ltd · 533271

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Ashoka Buildcon Ltd has received the Commercial Operation Date (CoD) for its NHAI project executed by its 100% subsidiary, Ashoka Bettadahalli Shivamogga Road Private Limited. The project is eligible for annuity payments from NHAI for 15 years.

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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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Ashoka Buildcon Ltd - 533271 - Receipt Of Provisional Certificate (COD) For NHAI Project

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Ashoka Buildcon Limited To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 533271 Scrip Symbol: ASHOKA Eq. Debt Codes: CPs -730851/731112/731487/732069/732127 October 09, 2026 Sub: Receipt of Provisional Certificate (COD) for NHAI Project Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ashoka Buildcon Limited, (“the Company”) informs the declaration of October 07, 2026 as the Commercial Operation Date (CoD) for stretch of 45.05 KMs as per recommendations vide letter issued by an Independent Engineer dated October 09, 2026, for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (“NHAI”) for the Project viz. “Four Laning of Tumkur Shivamogga Section from 170+415 to km. 226+750, Bettdahalli Shivamogga of NH-206 on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka” (“Project”). The Project is executed by Ashoka Bettadahalli Shivamogga Road Private Limited (“SPV”), a Wholly Owned Subsidiary of the Company. The Company also announces that the said SPV has received a Provisional Certificate for completion of 27.02 KMs of Service Road, and 45.05 KMs of main carriageway, out of total Project stretch of 50.975 KMs. Further to inform that consequent upon the declaration of CoD, the SPV would be eligible for receipt of Annuity payments from NHAI for the operation period of 15 years at the interval of every 6 months from the date of achievement of CoD, i.e. October 07, 2026. Please take note of the same. Yours faithfully, For Ashoka Buildcon Limited (Manoj A. Kulkarni) Company Secretary ICSI Membership No.: FCS – 7377 Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011, Maharashtra, India Tel. + 91 253 6633705 Fax +91 253 2236704 www.ashokabuildcon.com CIN: L45200MH1993PLC071970